06/11/2015 Live Update

[Trades with cats]

Sinking boats- In "This Time It's Different, 800 Years of Financial Folly" Prof Rogoff (yea, the do away with cash guy) said with over indebted countries it was OK until it wasn't. He calls it the A Ha moment when suddenly no one will lend anymore and the debt structure collapses. He found no way to time it, but above certain debt levels it became inescapable. That Sears chart is perfect example. Other thing is that knowing it is a high probability event and being able to play it profitably aren't the same thing. Like Apple loosing it's premium.

[BullBear52x]

3 handles day for the best traders.

beers sound good right now. Peace!

[fehro]

buckle up..

[Junior Buffett]

buckle up..

Dammit..I am waiting since ages..this damn roller coaster goes only up..I am want to feel the bubbles in my belly at dip down...

[Junior Buffett]

Hi Fehro,

Can you please check at the close if VIX dip below that green channel?

Thank you
JB

[Cobra]

vol surge, hopefully it means a rebound. too near close so vol surge may not count though.

[fehro]

crack

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2015/06 ... ay-update/

[Cobra]

well, guess that's it for today. Friday tomorrow has been bull friendly but down 3 in a row recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[fehro]

INDEX days.. not instilling bullish confidence those dailies.. TLT closes at HOD..

[fehro]

Hi Fehro,

Can you please check at the close if VIX dip below that green channel?

Thank you
JB

Channel holds.. candle tho.. not an obvious "bottom" type.. so have to wait and see ( check previous "bottom" turning points)

[Junior Buffett]

Hi Fehro,

Can you please check at the close if VIX dip below that green channel?

Thank you
JB

Channel holds.. candle tho.. not an obvious "bottom" type.. so have to wait and see ( check previous "bottom" turning points)

Thanks Fehro, you see all the previous bottom hit the dropping blue line channel..will this go and touch the blue line? will have to wait..may be tomorrow..

[fehro]

Hi Fehro,

Can you please check at the close if VIX dip below that green channel?

Thank you
JB

Channel holds.. candle tho.. not an obvious "bottom" type.. so have to wait and see ( check previous "bottom" turning points)

Thanks Fehro, you see all the previous bottom hit the dropping blue line channel..will this go and touch the blue line? will have to wait..may be tomorrow..

not if it's higher low.. which would be bullish for the VIX.. have to wait and see .. would be a tad more bullish if the wick was longer to the downside.. but really body and wicks are equal.. so maybe another spike down in the VIX in the AM?. ... on the 15m closed right at downtrend.. so VIX could gap up tomorrow.. not a clean signal either way.. weekly candle on the VIX as it stands looks pretty bearish.. the SPX bullish leaning... but it did make lower lows, and lower highs.